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Regulatory

Regulators unite for life insurance transparency

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
A joint project between Australia's financial services regulators has found about 92% of life insurance claims are successful first time round. It has also seen the development of an online comparison tool tracking the performance of life insurers.

ASIC dismisses Royal Commission insider trading reports

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
ASIC has told parliament there was no insider trading around the release of the Royal Commission's final report.

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
In a letter to trustees APRA has clearly outlined expectations following the Royal Commission.

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated.

Federal Court shuts down Linchpin and Endeavour Securities

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ASIC has helped put Endeavour Securities and Linchpin Capital Group into liquidation.

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
APRA has invited submissions from all APRA-regulated entities on how the financial services industry can improve information security and protect itself from cyber-crime.

NAB ends introducer payments

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
National Australia Bank will no longer make referral payments to introducers.

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
The Federal Government is committing an extra half a billion dollars to Australia's financial services regulators.

Morgans Financial licence conditions lifted

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A full-service stockbroking and wealth management firm with over 60,000 active clients has had additional licence conditions lifted.

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
Swiss bank UBS AG has been slapped with a £27.6 million ($51.1m) fine for breaching reporting rules stretching nearly a decade.